An annuity due pays out
A)equal payments at the beginning of each time period and continues forever.
B)unequal payments at the beginning of each time period for a fixed number of periods.
C)equal payments at the beginning of each time period for a fixed number of periods.
D)unequal payments at the end of each time period for a fixed number of periods.
E)equal payments at the end of each time period and continues forever.

Question

Quizplus · Accepted Answer

An annuity due is characterized by equal payments made at the beginning of each period for a fixed number of periods.

An Annuity Due Pays Out